PRESTON EDUCATION FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Darren Cole

Phone

2088520283

Tax Period

2024-07-01 to 2025-06-30

PRESTON EDUCATION FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $155K exceeded revenue, resulting in a 12% operating deficit.

Mission

To enrich the education of the students in the Preston School District by providing financial support, additional resources, and opportunities for community collaboration.

Program Service Accomplishments

Program 1

Expenses: $153,915

Providing grants for education equipment and teacher supplies and organizing fundraising activities to benefit Preston School District to enrich the education of the students therein. Providing...

Providing grants for education equipment and teacher supplies and organizing fundraising activities to benefit Preston School District to enrich the education of the students therein. Providing scholarships for students from revenue generated from donations from local community members to help students achieve educational goals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,076

Program Service Revenue $0

Investment Income $5,906

Other Revenue $0

TOTAL REVENUE $138,982

Expense Breakdown

Grants Paid $153,915

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,915

Other Expenses $1,353

TOTAL EXPENSES $155,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,982	$274,430	-0.5%
Expenses	$155,268	$350,992	-0.6%
Net Income	$-16,286	$-76,562	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Westerberg	Chairman	2.00	Officer Director	$0	$0	$0
Tess Zollinger	Vice Chairman	2.00	Officer Director	$0	$0	$0
Tamara Harris	Director	1.00	Director	$0	$0	$0
Jen Swainston	Secretary	1.00	Officer Director	$0	$0	$0
Mike Read	Director	2.00	Director	$0	$0	$0
Dakota Atkinson	Director	1.00	Director	$0	$0	$0
Jessey Jones	Director	1.00	Director	$0	$0	$0
Joy Christensen	Director	1.00	Director	$0	$0	$0
Darren Cole	Treasurer	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$138,982	$155,268	$272,406	$-16,286
2024	$274,430	$350,992	$288,692	$-76,562
2024	No data	No data	No data	No data
2023	$195,525	$544,219	$366,505	$-348,694
2022	$611,327	$76,235	$715,198	$535,092
2021	$111,737	$33,643	$180,106	$78,094